Yellowknife Hardware has a policy of charging 2 percent interest on overdue (past 60 days) accounts.

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Yellowknife Hardware has a policy of charging 2 percent interest on overdue (past 60 days) accounts receivable. Northern Cabinets has declared bankruptcy, and it is unlikely that full payment on this account will be collected. Should Yellowknife charge additional interest on the Northern Cabinets account receivable?

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